Sustainability West Midlands, in partnership with kMatrix, have released the results of their Midlands Low Carbon Sector Study.
The study, commissioned by the Midlands Energy Hub, aimed to understand:
- The current state of the Low Carbon Environmental Goods & Services (LCEGS) Sector in the Midlands
- Where support is needed to help grow this sector
- The role the sector can play in driving a low-carbon recovery from Covid-19
The LCEGS sector comprises products and services from across the economy, which actively enable a shift towards a green economy.
The study showed that the LCEGS sector in the Midlands Energy Hub area was worth £26.6bn in 2019/20, holding 12.1% of the UK market.
Data from the Worcestershire LEP region showed:
- The LCEGS sector was worth £1.5bn to the local economy in 2019/20
- Over 700 businesses employed over 11,000 people in the sector in 2019/20
Data from The Marches LEP region showed:
- The LCEGS sector was worth £1.8bn to the LEP’s economy in 2019/20
- Over 700 businesses employed over 12,500 people in the sector in 2019/20
All outputs from the study are now available on the Sustainability West Midlands website. This includes a final recommendations report to support the growth of the low carbon sector plus detailed data at LEP and local authority level.